Anya's parents will have $44,440.71 after 6 years if they invested in a bank.
The interest rate given is an annual rate yet will be compounded quarterly. You therefore need to convert the interest rate to a quarterly rate.
= 4% / 4 quarters
= 1% per quarter
Number of periods:
= Number of years x Number of quarters in year
= 6 x 4
= 24 quarters
The amount they will have in their account is:
<em>= Amount x ( 1 + rate) ^ number of periods </em>
= 35,000 x ( 1 + 1%)²⁴
= $44,440.71
In conclusion, they will have $44,440.71 if they invested their money in a bank for 6 years.
<em>Find out more at brainly.com/question/13861384.</em>
Answer:
3/5=x
Step-by-step explanation:
3÷x=5
multiply both sides by x
x(3÷x)=(5)x
cancel out x on the left side of the equation
3=5x
divide both sides by 5
3/5=(5x)/5
cancel out 5 on the right side
3/5=x
Answer:
x+y+2=-5 -2x-y+2=-1 x-2y-2=0 solve algebraically
x+y+2=-5 equation 1
-2x-y+2=-1 equation 2
x-2y-2=0 equation 3
Add equation 1 + 2+ 3
x+y+2=-5 + -2x-y+2+1 + x-2y-2
x+y+2= -7+2+1-2x+x+y
x+y+2= -4-x+y
x+y+2+4+x-y= 0
2x+6= 0
2x= -6
divide both side by 2
x= -3
from equation 1 insert x
x+y+2=-5
since x=-3
then, -3+2+y= -5
-1+y= -5
y= -5+1
y= -4
Step-by-step explanation:
The answer is $212.37 for each large flatscreen tv
